M&M in talks to acquire entire promoter stake in SML Isuzu
(20 second reading) Mahindra & Mahindra (M&M) is in talks to acquire Sumitomo Corp’s entire stake in heavy vehicle maker SML Isuzu. The deal would help M&M expand into the trucks and buses segment, with a proposed valuation of Rs 1,400-1,500 per share for SML Isuzu. M&M’s board is expected to meet this week to review the proposal.
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March 24, 2025
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